Posts Tagged ‘Fibonacci channel’

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Fibonnaci Channel — MetaTrader Terminal

This video is devoted to the Fibonacci channel in the MetaTrader terminal. To impose this channel on the chart, use the sequence, insert, channels, Fibonacci. The Fibonacci channel is probably the most difficult element for plotting on the chart. The ability to use it indicates a high level of professionalism in the forex market. The advantage of this channel is that it not only shows the boundaries of the trend, but it also shows various important levels. Having specified […]

How to Use Fibonacci Channel

Fibonacci channel is a variation of the Fibonacci retracement pattern in which the trend lines run diagonally rather than the horizontally. These channels are used to estimate the areas of support and resistance in the same way as the horizontal Fibonacci retracement levels. Many traders use the lines drawn by the Fibonacci channel in combination with the other support and resistance levels found by other indicators. One common technique is to combine the horizontal Fibonacci retracement level with […]